Question

Judith Corp has current assets worth 50,000 and current liabilities worth 75000. Current assets include an...

Judith Corp has current assets worth 50,000 and current liabilities worth 75000. Current assets include an inventory of 10000 what is the current ratio?

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Answer #1

current ratio=current assets/current liabilities

=50,000/75000

which is equal to

=0.67(Approx).

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